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Forex refers to the foreign currency held by a country and the
instrument of payment for international settlement.The concept of
foreign exchange consists of static and dynamic divisions.To get more
news about WikiFX, you can visit wikifx official website.
1. Static concept
The static concept of forex is defined as a mean of payment expressed in foreign currencies, which is a tool for international settlement. Such payment instruments include credit derivatives and securities expressed in foreign currencies, such as bank deposits, commercial drafts, bank drafts, bank checks, long and short-term government securities, etc.
2. Dynamic concept
The dynamic concept of forex refers to a specialized business activity, in which a country‘s currency pair is exchanged for another country’s currency in order to settle international claims and debts. It is an abbreviation for International Exchange.
Here, it is important to address that the currency of some countries cannot be freely exchanged in the international market, so it is regarded as foreign currency rather than foreign exchange. There are many traders who always mistake foreign currency and foreign exchange. This leads to the misunderstanding in national economy data releasing. The exchange rate is known as the price of one country's currency expressed in another country's currency or the ratio between the currencies of the two countries. For example, USD/ZAR=1/15.4234, the exchange ratio of USD to ZAR is 1:15.4234. It can be expressed that people can purchase 15.4234 ZAR for 1 USD.
What are the ways to engaging in forex？
1. Bank. At present, many banks can handle personal foreign exchange settlement, forex settlement of trading companies, and forex purchases for overseas travel expenses. Purchasing foreign currencies in a bank is the most common way in our daily life.
2. Platforms or brokers. Individuals or institutions that invest in the forex market can trade forex on the platforms. At present, there are numerous domestic companies developing open foreign exchange margin trading business in South Africa. If you want to conduct foreign exchange margin trading, you can find a broker to open a trading account.
Who are the market participants？
Participants in the forex market include central banks, commercial banks, non-bank financial institutions, broker companies, self-employed businesses, and large multinational corporations in various countries. They have frequent transactions and huge transaction amounts, and each order is counted in millions of dollars or even more than ten million dollars. Generally speaking, there are three motivations for their participation:
1, International companies convert foreign profits into their national currency.
2, Hedging, corporate finance ministers, and fund managers will also use the forex market to reduce the risk of price fluctuations in futures transactions.
3, Speculators
WikiFX is a global Forex inquiry platform and provides real-updated rankings of
Forex brokers. So if you are seeking a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.
1. Static concept
The static concept of forex is defined as a mean of payment expressed in foreign currencies, which is a tool for international settlement. Such payment instruments include credit derivatives and securities expressed in foreign currencies, such as bank deposits, commercial drafts, bank drafts, bank checks, long and short-term government securities, etc.
2. Dynamic concept
The dynamic concept of forex refers to a specialized business activity, in which a country‘s currency pair is exchanged for another country’s currency in order to settle international claims and debts. It is an abbreviation for International Exchange.
Here, it is important to address that the currency of some countries cannot be freely exchanged in the international market, so it is regarded as foreign currency rather than foreign exchange. There are many traders who always mistake foreign currency and foreign exchange. This leads to the misunderstanding in national economy data releasing. The exchange rate is known as the price of one country's currency expressed in another country's currency or the ratio between the currencies of the two countries. For example, USD/ZAR=1/15.4234, the exchange ratio of USD to ZAR is 1:15.4234. It can be expressed that people can purchase 15.4234 ZAR for 1 USD.
What are the ways to engaging in forex？
1. Bank. At present, many banks can handle personal foreign exchange settlement, forex settlement of trading companies, and forex purchases for overseas travel expenses. Purchasing foreign currencies in a bank is the most common way in our daily life.
2. Platforms or brokers. Individuals or institutions that invest in the forex market can trade forex on the platforms. At present, there are numerous domestic companies developing open foreign exchange margin trading business in South Africa. If you want to conduct foreign exchange margin trading, you can find a broker to open a trading account.
Who are the market participants？
Participants in the forex market include central banks, commercial banks, non-bank financial institutions, broker companies, self-employed businesses, and large multinational corporations in various countries. They have frequent transactions and huge transaction amounts, and each order is counted in millions of dollars or even more than ten million dollars. Generally speaking, there are three motivations for their participation:
1, International companies convert foreign profits into their national currency.
2, Hedging, corporate finance ministers, and fund managers will also use the forex market to reduce the risk of price fluctuations in futures transactions.
3, Speculators
WikiFX is a global Forex inquiry platform and provides real-updated rankings of
Forex brokers. So if you are seeking a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.
As expected in my earlier column titled Gold Prices Set to Decline on
Vaccine Shocks, positive news of Covid-19 vaccines continues to hit gold
prices. All eyes now turn to when exactly the vaccination will be
available. The FDA has scheduled a meeting on Dec. 10 to discuss the
request for emergency use authorization of a Covid-19 vaccine from
Pfizer. Once receiving the approval, a mass vaccination campaign will
start on Dec. 11, at the soonest.To get more news about WikiFX, you can visit wikifx official website.
Not only the two US pharmaceutical companies, a British drugmaker has also successfully developed the vaccine. The UK is on track to start vaccine roll-out by the end of December. By this account, countries in the US and Europe - the epicenters of the pandemic - will launch accessible vaccines for all in the first two quarters of next year, paving the way for normal economic activities. In this case, shakeouts for gold and silver are just around the corner once central banks take less accommodative measures, such as ceasing the program of quantitative easing (QE).
In 2013, the Fed was poised for the market exit amid the full economic recovery, while Europe and Japan were gearing up for a QE program by increasing the money supply. Bulls at the time strongly believed that gold prices would rocket amid new rounds of QE from the ECB and BoJ, despite the Fed's market exit. Contrary to what they expected, gold prices were set to retreat in this context.
Gold prices were not able to bottom out until December 2015, when the Fed confirmed to raise the interest rate. The reversal in gold occurred at this point because only then was the news of market exit and rate hike priced in. It is expected the Fed, RBNZ and RBA will take the lead in reducing QE and take the first step to exit the market next year.
With that said, central banks' cut in QE will deliver a lethal blow to gold prices. The key support underpinning the short-term gold will vanish soon after the rally. While the moving averages could signal the topside resistance and downside support, investors can refer to the RSI to deploy trading strategies if not clear about gold prices' bottom level or oversold level.
Not only the two US pharmaceutical companies, a British drugmaker has also successfully developed the vaccine. The UK is on track to start vaccine roll-out by the end of December. By this account, countries in the US and Europe - the epicenters of the pandemic - will launch accessible vaccines for all in the first two quarters of next year, paving the way for normal economic activities. In this case, shakeouts for gold and silver are just around the corner once central banks take less accommodative measures, such as ceasing the program of quantitative easing (QE).
In 2013, the Fed was poised for the market exit amid the full economic recovery, while Europe and Japan were gearing up for a QE program by increasing the money supply. Bulls at the time strongly believed that gold prices would rocket amid new rounds of QE from the ECB and BoJ, despite the Fed's market exit. Contrary to what they expected, gold prices were set to retreat in this context.
Gold prices were not able to bottom out until December 2015, when the Fed confirmed to raise the interest rate. The reversal in gold occurred at this point because only then was the news of market exit and rate hike priced in. It is expected the Fed, RBNZ and RBA will take the lead in reducing QE and take the first step to exit the market next year.
With that said, central banks' cut in QE will deliver a lethal blow to gold prices. The key support underpinning the short-term gold will vanish soon after the rally. While the moving averages could signal the topside resistance and downside support, investors can refer to the RSI to deploy trading strategies if not clear about gold prices' bottom level or oversold level.
Although retail Forex transactions in South Africa are growing, risks
are also increasing with the market. For the traders who are keen on
investing in forex and CFDs, the risks are mainly from high leverage,
which can increase their risk exposure beyond the actual fund. Forex
novices often overlook the risks of leveraged forex transactions. In the
end, they often face a situation of capital loss.To get more news about
WikiFX, you can visit wikifx official website.
As the demand for retail foreign exchange transactions is growing, scam cases related to foreign exchange and cryptocurrencies are also entwined with the market exploding. There are more and more scam cases involved in foreign exchange and cryptocurrency investment, and many foreign exchange novices have become the victims of Ponzi plan. These scammers commit financial frauds by investment projects related to foreign exchange, cryptocurrency, and international markets and promise traders high returns, and their funds always disappear suddenly. Due to the existence of these risks, the education of investors becomes important. Through Forex related investment education, all investors can learn the basic knowledge of investment to identify the authenticity of investment opportunities.
For this reason, South Africa is vigorously developing various trading education websites and online learning resources to help traders understand the basics of investment and foreign exchange trading. Currently, the WikiFX has created a series of courses in investment on its website and App.
WikiFX recommends that beginners who want to invest in the foreign exchange market should learn the basics of foreign exchange and CFD investment by understanding the risks and applying appropriate trading strategies before investing. Most brokers provide demo accounts, so investors can open a demo account at any trading platform regulated by FSCA to test their trading strategies.
WikiFX is a global Forex inquiry platform and provides real-updated rankings of
Forex brokers. So if you are seeking for a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.
As the demand for retail foreign exchange transactions is growing, scam cases related to foreign exchange and cryptocurrencies are also entwined with the market exploding. There are more and more scam cases involved in foreign exchange and cryptocurrency investment, and many foreign exchange novices have become the victims of Ponzi plan. These scammers commit financial frauds by investment projects related to foreign exchange, cryptocurrency, and international markets and promise traders high returns, and their funds always disappear suddenly. Due to the existence of these risks, the education of investors becomes important. Through Forex related investment education, all investors can learn the basic knowledge of investment to identify the authenticity of investment opportunities.
For this reason, South Africa is vigorously developing various trading education websites and online learning resources to help traders understand the basics of investment and foreign exchange trading. Currently, the WikiFX has created a series of courses in investment on its website and App.
WikiFX recommends that beginners who want to invest in the foreign exchange market should learn the basics of foreign exchange and CFD investment by understanding the risks and applying appropriate trading strategies before investing. Most brokers provide demo accounts, so investors can open a demo account at any trading platform regulated by FSCA to test their trading strategies.
WikiFX is a global Forex inquiry platform and provides real-updated rankings of
Forex brokers. So if you are seeking for a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.
Forex trading has caused large losses to many inexperienced and
undisciplined traders over the years. You need not be one of the losers.
Here are twenty forex trading tips that you can use to avoid disasters
and maximize your potential in the currency exchange market.To get more
news about WikiFX, you can visit wikifx official website.
1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to forex and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging forex trading.
7. Do what you understand.
Simple as it is, failure to abide by this principle has been the doom of countless traders. In general, if you are unsure that you know what youre doing, and that you can defend your opinion with strength and vigor against critics that you value and trust, do not trade. Do not trade based on hearsay or rumors. And do not act unless you are confident that you understand both the positive consequences, and the adverse results that may result from opening a position.
8. Do not add to a losing position.
While this is only common sense, ignorance of the principle, or carelessness in its employment has caused disasters to many traders in the course of history. Nobody knows where a currency pair will be heading during the next few hours, days, or even weeks. There are lots of educated guesses, but no knowledge of where the price will be a short while later. Thus, the only certain value about trading is now. Nothing much can be said about the future. Consequently, there can be no point in adding to a losing position, unless you love gambling. A position in the red can be allowed to survive on its own in accordance with the initial plan, but adding to it can never be an advisable practice.
9. Restrain your emotions.
Greed, excitement, euphoria, panic or fear should have no place in traders calculations. Yet traders are human beings, so it is obvious that we have to find a way of living with these emotions, while at the same time controlling them and minimizing their effect on our lives. That is why traders are always advised to begin with small amounts. By reducing our risk, we can be calm enough to realize our long-term goals, reducing the impact of emotions on our trading choices. A logical approach, and less emotional intensity are the best forex trading tips necessary to a successful career.
10. Take notes. Study your success and failure.
An analytical approach to trading does not begin at the fundamental and technical analysis of price trends, or the formulation of trading strategies. It begins at the first step taken into the career, with the first dollar placed in an open position, and the first mistakes in calculation and trading methods. The successful trader will keep a diary, a journal of his trading activity where he scrutinizes his mistakes and successes to find out what works and what does not. This is one of the most importance forex trading tips that you will get from a good mentor.
11. Automate your trading as much as possible.
We already noted the importance of emotional control in ensuring a successful and profitable career. In order to minimize the role of emotions, one of the best of courses of action would be the automatization of trading choices and trader behavior. This is not about using forex robots, or buying expensive technical strategies. All that you need to do is to make sure that your responses to similar situations and trading scenarios are themselves similar in nature. In other words, dont improvise. Let your reactions to market events follow a studied and tested pattern.
12. Do not rely on forex robots, wonder methods, and other snake oil products.
Surprisingly, these unproven and untested products are extremely popular these days, generating great profits for their sellers, but little in the way of gains for their excited and hopeful buyers. The logical defense against such magical items is in fact easy. If the genius creators of these tools are so smart, let them become millionaires with the benefit of their inventions. If they have no interest in doing as much, you should have no interest in their creations either.
1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to forex and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging forex trading.
7. Do what you understand.
Simple as it is, failure to abide by this principle has been the doom of countless traders. In general, if you are unsure that you know what youre doing, and that you can defend your opinion with strength and vigor against critics that you value and trust, do not trade. Do not trade based on hearsay or rumors. And do not act unless you are confident that you understand both the positive consequences, and the adverse results that may result from opening a position.
8. Do not add to a losing position.
While this is only common sense, ignorance of the principle, or carelessness in its employment has caused disasters to many traders in the course of history. Nobody knows where a currency pair will be heading during the next few hours, days, or even weeks. There are lots of educated guesses, but no knowledge of where the price will be a short while later. Thus, the only certain value about trading is now. Nothing much can be said about the future. Consequently, there can be no point in adding to a losing position, unless you love gambling. A position in the red can be allowed to survive on its own in accordance with the initial plan, but adding to it can never be an advisable practice.
9. Restrain your emotions.
Greed, excitement, euphoria, panic or fear should have no place in traders calculations. Yet traders are human beings, so it is obvious that we have to find a way of living with these emotions, while at the same time controlling them and minimizing their effect on our lives. That is why traders are always advised to begin with small amounts. By reducing our risk, we can be calm enough to realize our long-term goals, reducing the impact of emotions on our trading choices. A logical approach, and less emotional intensity are the best forex trading tips necessary to a successful career.
10. Take notes. Study your success and failure.
An analytical approach to trading does not begin at the fundamental and technical analysis of price trends, or the formulation of trading strategies. It begins at the first step taken into the career, with the first dollar placed in an open position, and the first mistakes in calculation and trading methods. The successful trader will keep a diary, a journal of his trading activity where he scrutinizes his mistakes and successes to find out what works and what does not. This is one of the most importance forex trading tips that you will get from a good mentor.
11. Automate your trading as much as possible.
We already noted the importance of emotional control in ensuring a successful and profitable career. In order to minimize the role of emotions, one of the best of courses of action would be the automatization of trading choices and trader behavior. This is not about using forex robots, or buying expensive technical strategies. All that you need to do is to make sure that your responses to similar situations and trading scenarios are themselves similar in nature. In other words, dont improvise. Let your reactions to market events follow a studied and tested pattern.
12. Do not rely on forex robots, wonder methods, and other snake oil products.
Surprisingly, these unproven and untested products are extremely popular these days, generating great profits for their sellers, but little in the way of gains for their excited and hopeful buyers. The logical defense against such magical items is in fact easy. If the genius creators of these tools are so smart, let them become millionaires with the benefit of their inventions. If they have no interest in doing as much, you should have no interest in their creations either.
A Gulfport woman won $900,000 from a lottery ticket she purchased at a Publix in St. Petersburg last week.Get more news about 综合包网菲律宾,you can vist loto98.com
Mary Pace, 65, purchased the JACKPOT TRIPLE PLAY from the Publix at 1600 66th Street North in St. Pete.
The drawing was held Jan. 14. Pace chose to take a one-time, lump-sum payment of $708,122.16.
The Publix store will receive a $2,000 bonus commission for selling the jackpot-winning ticket.Did you buy a Mega Millions lottery ticket at Fry's? You could be a winner!
The Arizona Lottery says a ticket worth $1 million was sold at the Fry's Food Store near 43rd Avenue and Cactus Road.The ticket for the Feb. 18 drawing reportedly matched five out of five numbers with no Mega Ball.
The winning numbers in Tuesday night's drawing were 6,12,39,61 and 70.
A scratch-off lottery ticket worth $3-million was sold at a Rite Aid in Montgomery County.Get more news about 棋牌包网,you can vist loto98.com
The "$3 Million Limited" ticket was sold at the West Main Street store in Lansdale, the Pennsylvania Lottery said Friday.
The Rite Aid will receive a $10,000 bonus for selling the winning ticket.
"$3 Million Limited" is a $30 game that offers top prizes of $3 million.
This is the latest instant millionaire in the Philadelphia area this year.In February, a "$3 Million Cash Game" scratch-off ticket worth $3-milllion was sold at the Wawa at 8220 W. Bartram Avenue.
Hours later, the Pennsylvania Lottery announced that a "$3,000,000 Pennsylvania Club" scratch-off ticket worth $3 million was sold at a 7-Eleven in Langhorne, Bucks County.
Last week, a scratch-off ticket worth $1-million was sold at Giant supermarket in Quakertown, Bucks County.
The Pennsylvania Lottery says scratch-off prizes expire one year from the game's end-sale date.
The "$3 Million Limited" ticket was sold at the West Main Street store in Lansdale, the Pennsylvania Lottery said Friday.
The Rite Aid will receive a $10,000 bonus for selling the winning ticket.
"$3 Million Limited" is a $30 game that offers top prizes of $3 million.
This is the latest instant millionaire in the Philadelphia area this year.In February, a "$3 Million Cash Game" scratch-off ticket worth $3-milllion was sold at the Wawa at 8220 W. Bartram Avenue.
Hours later, the Pennsylvania Lottery announced that a "$3,000,000 Pennsylvania Club" scratch-off ticket worth $3 million was sold at a 7-Eleven in Langhorne, Bucks County.
Last week, a scratch-off ticket worth $1-million was sold at Giant supermarket in Quakertown, Bucks County.
The Pennsylvania Lottery says scratch-off prizes expire one year from the game's end-sale date.
On Jan. 27, 2020, the Financial Times (FT) Global MBA Ranking 2020 was
officially released, and the MBA program of ACEM, SJTU ranked 37th,
among the world’s top 50 together with other three core programs, EMBA,
EE and MIM. This achievement has not only marked a solid step for ACEM’s
MBA program to become a world-class MBA with Chinese characteristics,
but also evidenced the steady improvement of the quality and
international reputation of the program.To get more news about business universities in china for international students, you can visit acem.sjtu.edu.cn official website.
Dazzling performance of core indicators that are widely recognized at home and abroad
The reason why the FT ranking is so widely recognized is that, on the one hand, its criteria for participation and selection are stringent and its data sources are objective and independent; on the other hand, among various FT rankings, the competition for MBA ranking is the fiercest. Candidate schools offer almost all the flagship MBA programs that can be found in prestigious business schools in the world, making the competition truly a “battle among the strongest”.
Among the 20 different indicators, the ones attracting much attention are still those reflecting the return on investment after enrollment, such as employment rate, weighted average salary and salary increase rate. Among these core indicators, ACEM’s MBA program has continued to perform strongly. In terms of employed at three months, ACEM’s MBA program has maintained an outstanding performance of 100% for many years, consistently ranking top in the world. The impressive data of 100% employment rate for the past seven years has fully demonstrated that not only the MBA learning experience at ACEM has significantly improved the knowledge structure and personal ability of the graduates, but also the appeal and authority of ACEM brand in the industry has guaranteed the employability of its graduates.
In terms of salary data, the alumni’s weighted average salary three years after graduation has reached US$130,736, an increase of nearly 16% over the last year; the salary increase rate has reached 201%, ranking the top three in the world for seven consecutive years. These data reflected the industry experience, alumni network and potential opportunities obtained by graduates of ACEM’s MBA program during their study, which enable them to have more channels and opportunities to facilitate the “monetization” of their abilities and skills.
Short steps lead to greater things. The pragmatic and enterprising MBA program of ACEM has not only come into the spotlight on the international stage and competed with those of the world’s top business schools, but also exceled in domestic authoritative assessments: the “Business and Management” subject of SJTU is the only economic and management subject in Shanghai included in the “Double First-class” list of the Ministry of Education (MOE); in MOE’s fourth round of subject evaluation and the first assessment of professional degree level, the first-grade subject of Business Administration and MBA of ACEM was proud to be graded A+.
In ACEM Dean Chen Fangruo’s words, “With the joint efforts of several generations of ACEM people, ACEM has made great progress and has now ranked among the forefront of Chinese business schools. We have obtained all important international accreditations, made excellent achievements in many international and domestic subject evaluations and rankings, and achieved fruitful results in talent training. ACEM’s degrees are the dream goal among numerous students”
Dazzling performance of core indicators that are widely recognized at home and abroad
The reason why the FT ranking is so widely recognized is that, on the one hand, its criteria for participation and selection are stringent and its data sources are objective and independent; on the other hand, among various FT rankings, the competition for MBA ranking is the fiercest. Candidate schools offer almost all the flagship MBA programs that can be found in prestigious business schools in the world, making the competition truly a “battle among the strongest”.
Among the 20 different indicators, the ones attracting much attention are still those reflecting the return on investment after enrollment, such as employment rate, weighted average salary and salary increase rate. Among these core indicators, ACEM’s MBA program has continued to perform strongly. In terms of employed at three months, ACEM’s MBA program has maintained an outstanding performance of 100% for many years, consistently ranking top in the world. The impressive data of 100% employment rate for the past seven years has fully demonstrated that not only the MBA learning experience at ACEM has significantly improved the knowledge structure and personal ability of the graduates, but also the appeal and authority of ACEM brand in the industry has guaranteed the employability of its graduates.
In terms of salary data, the alumni’s weighted average salary three years after graduation has reached US$130,736, an increase of nearly 16% over the last year; the salary increase rate has reached 201%, ranking the top three in the world for seven consecutive years. These data reflected the industry experience, alumni network and potential opportunities obtained by graduates of ACEM’s MBA program during their study, which enable them to have more channels and opportunities to facilitate the “monetization” of their abilities and skills.
Short steps lead to greater things. The pragmatic and enterprising MBA program of ACEM has not only come into the spotlight on the international stage and competed with those of the world’s top business schools, but also exceled in domestic authoritative assessments: the “Business and Management” subject of SJTU is the only economic and management subject in Shanghai included in the “Double First-class” list of the Ministry of Education (MOE); in MOE’s fourth round of subject evaluation and the first assessment of professional degree level, the first-grade subject of Business Administration and MBA of ACEM was proud to be graded A+.
In ACEM Dean Chen Fangruo’s words, “With the joint efforts of several generations of ACEM people, ACEM has made great progress and has now ranked among the forefront of Chinese business schools. We have obtained all important international accreditations, made excellent achievements in many international and domestic subject evaluations and rankings, and achieved fruitful results in talent training. ACEM’s degrees are the dream goal among numerous students”
The highly anticipated third China International Import Expo (CIIE) will
be held in the coastal city of Shanghai from Nov. 5-10 as scheduled.To
get more news about China International Import Expo, you can visit shine news official website.
Flocking to this year's CIIE are returnees from past expos as well as new faces, including nearly 50 Fortune 500 and industry-leading companies, signaling a vote of confidence in China's further opening-up.
For these 2,600-odd global exhibitors, as well as some 400,000 participants at the event, this year's expo provides an opportunity to explore China's economic vitality and learn more about its new development blueprint. The expo promises to inject fresh impetus into a global economy crippled by the COVID-19 pandemic.As the pandemic continues to disrupt economic activities worldwide, the International Monetary Fund (IMF) predicted a global economic contraction of 4.4 percent for 2020, and the World Trade Organization said world merchandise trade is expected to fall by 9.2 percent this year.
Facing "the worst crisis since the Great Depression" as the IMF described, China has managed to restore its economy while containing the epidemic, becoming the first major economy to achieve growth since COVID-19 crippled the world economy.
"Big winds and storms may upset a pond, but never an ocean," said Chinese President Xi Jinping at the opening ceremony of the first CIIE in 2018, comparing the Chinese economy to an ocean. His words still resonate today.
In fact, China's rapid economic recovery amid the pandemic has not only proved its own economic resilience, but also served as a beacon of hope for the whole world, providing fresh business opportunities for global enterprises, small- and medium-sized in particular, via such platforms as the CIIE.Clementine Mwaba, a Zambian trader in honey business, said as Zambia's huge produce yearns for more overseas markets, the CIIE provides a platform for securing one.
"The upcoming international import expo in China works to provide the space and opportunities for more markets for us," Mwaba said.
Over 12,000 km away, Marileidy Herrera, associate director at Cuban import and export company CARIBEX S.A., also showed strong interests in this year's CIIE.
"China is a growing market for our products, which have been very well-received by the Chinese population so far," she said, adding that her country expects to double its sales of lobsters to China by the end of this year.
For Kenji Mizuta, president of the Japan External Trade Organization's Shanghai Representative Office, the third CIIE will be the largest event his organization has ever attended this year.
Flocking to this year's CIIE are returnees from past expos as well as new faces, including nearly 50 Fortune 500 and industry-leading companies, signaling a vote of confidence in China's further opening-up.
For these 2,600-odd global exhibitors, as well as some 400,000 participants at the event, this year's expo provides an opportunity to explore China's economic vitality and learn more about its new development blueprint. The expo promises to inject fresh impetus into a global economy crippled by the COVID-19 pandemic.As the pandemic continues to disrupt economic activities worldwide, the International Monetary Fund (IMF) predicted a global economic contraction of 4.4 percent for 2020, and the World Trade Organization said world merchandise trade is expected to fall by 9.2 percent this year.
Facing "the worst crisis since the Great Depression" as the IMF described, China has managed to restore its economy while containing the epidemic, becoming the first major economy to achieve growth since COVID-19 crippled the world economy.
"Big winds and storms may upset a pond, but never an ocean," said Chinese President Xi Jinping at the opening ceremony of the first CIIE in 2018, comparing the Chinese economy to an ocean. His words still resonate today.
In fact, China's rapid economic recovery amid the pandemic has not only proved its own economic resilience, but also served as a beacon of hope for the whole world, providing fresh business opportunities for global enterprises, small- and medium-sized in particular, via such platforms as the CIIE.Clementine Mwaba, a Zambian trader in honey business, said as Zambia's huge produce yearns for more overseas markets, the CIIE provides a platform for securing one.
"The upcoming international import expo in China works to provide the space and opportunities for more markets for us," Mwaba said.
Over 12,000 km away, Marileidy Herrera, associate director at Cuban import and export company CARIBEX S.A., also showed strong interests in this year's CIIE.
"China is a growing market for our products, which have been very well-received by the Chinese population so far," she said, adding that her country expects to double its sales of lobsters to China by the end of this year.
For Kenji Mizuta, president of the Japan External Trade Organization's Shanghai Representative Office, the third CIIE will be the largest event his organization has ever attended this year.
Ant, backed by Jack Ma, billionaire founder of e-commerce platform
Alibaba, was set to sell shares worth about $34.4bn (£26.5bn) on
Thursday.To get more latest ant group news, you can visit shine news official website.
The listings in Shanghai and Hong Kong would have been the biggest stock market debut to date.
But Chinese authorities have cited "major issues" as the reason behind the eleventh hour suspension.
Ant runs Alipay, the main online payment system in China, which has eclipsed cash, cheques and credit cards.
Alibaba, which owns a third of Ant, saw it share price plunge 9.6% in Hong Kong trading on Wednesday.
This followed a 8.1% fall in New York on Tuesday after the suspension was announced.
Alibaba is listed in both the US and Hong Kong, and had previously broken the record for biggest stock market debut in 2014.
This share price drops wiped nearly $76bn off its value, more than double the amount Ant was planning to raise.The Shanghai Stock Exchange said in a statement that Mr Ma had been called in for "supervisory interviews".
A change to the regulatory environment meant Ant no longer met "listing conditions or information disclosure requirements".The Hong Kong exchange then reported that Ant had decided to suspend its planned listing.
Ant was due to sell about 11% of its shares across the two stock exchanges. But the pricing valued the whole business at about $313bn.
The previous largest debut was Saudi Aramco's $29.4bn float last December.What was meant to be the world's biggest initial public offering has now been squashed by Chinese regulators.
In his prospectus letter, Ant's executive chairman, Eric Jing, had waxed lyrical about how the company is revolutionising the future of money.
Perhaps what he and Jack Ma - the billionaire founder of Alibaba and the largest controlling shareholder in Ant - didn't factor in is how ultimately, no matter revolutionary your business is, if it's operating in China, it still needs the blessing of Chinese regulators.
The firm's executives and Mr Ma were called in by Chinese authorities ostensibly for a discussion on regulating the sprawling fintech firm.
But media reports indicate the meeting may have also been an opportunity to address comments Mr Ma made at a fintech conference last month.
Mr Ma compared traditional banks to "pawn shops", lauding the merits of the digital banking system instead.Ant collects vast amounts of data from its customers - data that the Chinese government doesn't have immediate access to, unless it asks for it.
China is extremely supportive of Chinese companies. It's a criticism levelled at it by other countries.
But in return, Beijing also expects a degree of control over Chinese companies that you wouldn't normally see in other countries.
Jack Ma's digital empire is increasingly veering outside that circle of control. Suspending this listing may serve as reminder of who really calls the shots.
The listings in Shanghai and Hong Kong would have been the biggest stock market debut to date.
But Chinese authorities have cited "major issues" as the reason behind the eleventh hour suspension.
Ant runs Alipay, the main online payment system in China, which has eclipsed cash, cheques and credit cards.
Alibaba, which owns a third of Ant, saw it share price plunge 9.6% in Hong Kong trading on Wednesday.
This followed a 8.1% fall in New York on Tuesday after the suspension was announced.
Alibaba is listed in both the US and Hong Kong, and had previously broken the record for biggest stock market debut in 2014.
This share price drops wiped nearly $76bn off its value, more than double the amount Ant was planning to raise.The Shanghai Stock Exchange said in a statement that Mr Ma had been called in for "supervisory interviews".
A change to the regulatory environment meant Ant no longer met "listing conditions or information disclosure requirements".The Hong Kong exchange then reported that Ant had decided to suspend its planned listing.
Ant was due to sell about 11% of its shares across the two stock exchanges. But the pricing valued the whole business at about $313bn.
The previous largest debut was Saudi Aramco's $29.4bn float last December.What was meant to be the world's biggest initial public offering has now been squashed by Chinese regulators.
In his prospectus letter, Ant's executive chairman, Eric Jing, had waxed lyrical about how the company is revolutionising the future of money.
Perhaps what he and Jack Ma - the billionaire founder of Alibaba and the largest controlling shareholder in Ant - didn't factor in is how ultimately, no matter revolutionary your business is, if it's operating in China, it still needs the blessing of Chinese regulators.
The firm's executives and Mr Ma were called in by Chinese authorities ostensibly for a discussion on regulating the sprawling fintech firm.
But media reports indicate the meeting may have also been an opportunity to address comments Mr Ma made at a fintech conference last month.
Mr Ma compared traditional banks to "pawn shops", lauding the merits of the digital banking system instead.Ant collects vast amounts of data from its customers - data that the Chinese government doesn't have immediate access to, unless it asks for it.
China is extremely supportive of Chinese companies. It's a criticism levelled at it by other countries.
But in return, Beijing also expects a degree of control over Chinese companies that you wouldn't normally see in other countries.
Jack Ma's digital empire is increasingly veering outside that circle of control. Suspending this listing may serve as reminder of who really calls the shots.
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